In our Execution Speeds testing, worldtradex achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. This approach allows us to provide a transparent comparison https://worldtradex.club/ of worldtradex against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

FPG MetaTrader 5 Platform

MT4 and MT5 supports over 30 languages while cTrader platform also offers similar multilingual support. They also provide Direct Market Access (DMA) share trading through the IRESS platform. IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading. It is tailored towards experienced traders due to its extensive features and higher costs​.

Withdrawal Options and Fees

While designed for stocks, other selected CFD products are also available on the platform. When trading worldtradex commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. Most of worldtradex’ research is found under the Traders Hub blog section on its website, where it is separated into technical and fundamental analysis.

The accounts for the broker are audited annually by the leading firm in the country, BDO Australia. worldtradex has been around since 2005 when they were founded in Australia. They are a CFD and forex broker that is owned by First Prudential Markets Pty Limited. Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years. MT5 supports trading in forex, stocks, futures, options, and commodities, while MT4 is primarily limited to forex and CFDs. You’ll need to provide basic personal information, upload some ID documents for verification (KYC compliance), and choose your preferred account type and trading platform.

• worldtradex caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range.
• Reputable brokers, like worldtradex (ideally), should publicly disclose relevant financial information.
• Illiquid instruments can lead to wider spreads and difficulty entering or exiting trades when you want.
• When a broker prioritizes financial stability through measures like client money segregation and capital adequacy, it directly translates to secure and timely payouts for traders.

Trading Platforms

They have everything you could ever need and it is extremely well planned so you can navigate with ease. worldtradex is well-regulated as their operations are overseen by ASIC. ASIC is well regarded across the world and they are very diligent when it comes to their monitoring and supervision of those under their regulationi. They deal out hefty sanctions for those companies that are not complying with their standards.

Demo accounts provide access to live market prices, enabling traders to gain real-time insights into market movements. Additionally, it offers the opportunity to experiment with automatic trading strategies using Expert Advisors, further enhancing the learning and testing experience. worldtradex sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings.

Trading Fees

You set your price, and your order only gets filled if the market reaches that specific level. This is great for managing risk and aiming for those sweet entry or exit points you’ve identified on your charts. However, during my testing, I noticed that with limit orders, there’s always a chance your order might not get filled at all, especially in those crazy volatile markets. For those seeking a more web-based experience, cTrader provides a sleek and intuitive interface, perfect for scalping and day trading strategies.

They are regulated by the Australian Investments and Securities Commission (ASIC). They have been on the receiving end of many awards over the years and their platform is very easy to use. Experience online trading the way it’s meant to be with MetaTrader for desktop. worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. worldtradex ensures the safety of client funds by segregating them from its operating capital, meaning your money is kept separate and protected from any company liabilities. worldtradex are regulated by tier 1 authorities including ASIC (286354) and CySEC (371/18).

If you encounter an issue, you can initiate a complaint through their website or by contacting customer support. Here you can find what Forex Peace Army users think about worldtradex. When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed. worldtradex has received numerous awards over several years, highlighting its strong position in the forex and CFD brokerage industry. Other useful tools include Trading Central, TradeMedic, AutoChartist, Toolbox (12 online trading tools through MT4/5), MyFXBook and Signal Start. In addition, worldtradex offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts.

In addition, the broker adheres to high standards to protect its clients’ funds, keeping funds in separate accounts and using technical safeguards to protect users’ personal and financial information. The broker also offers the ability to trade using CFDs on stocks, allowing traders to speculate on price movements without owning physical stocks. For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers. worldtradex research  tools are designed to provide traders with the insights and analysis necessary to make informed trading decision. With its multilingual support team available 24/7, worldtradex underscores its dedication to providing exceptional customer service, ensuring a seamless and supportive trading environment for all its clients. To cater to its global clientele, worldtradex’ live chat service is multilingual and supports over 12 languages, effectively removing language barriers and enhancing the overall customer support experience.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. One thing worldtradex emphasizes is ECN (Electronic Communication Network) pricing for many instruments. This fancy term basically means they connect you with a whole bunch of liquidity providers, which can lead to tighter spreads and potentially faster execution compared to the old-school dealing desk model. And let me tell you, during my testing on ECN-priced accounts, the spreads on major forex pairs were crazy tight – exactly what any cost-conscious trader craves. In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with worldtradex.

These include ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (St. Vincent and the Grenadines), FSA (Seychelles), FSC (Mauritius) and CMA (Kenya). Overall, worldtradex makes it easy to withdraw funds, but traders should check the fees and limits involved to ensure a hassle-free experience when accessing their funds. Some negative reviews may concern the amount of commissions on the Raw account, but this depends on the individual needs and trading style of the trader. On the Standard account, the lack of commission compensates for the higher spread, which can be an attractive option for less experienced traders.

Opening an account in the UK places traders under the jurisdiction of the FSA (St. Vincent and the Grenadines), allowing UK traders to take advantage of the maximum leverage available. worldtradex offers a large number of tradable instruments including over 70 currency pairs. worldtradex is a broker regulated by the Australian Securities and Investments Commission (ASIC), which means it complies with Australian financial services laws.

If you are looking to trade stocks outside Australia with worldtradex then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia. The availability of trading platforms for demo accounts may vary depending on your location, but all users have access to demo https://worldtradex.pro/ versions of MetaTrader 4 and MetaTrader 5. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences. worldtradex offers an extensive range of over 10,000 tradeable products across various asset classes including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals.